Energy Update

You are here

Home » Global Read

Blade Manufacturer TPI Composites Prices IPO for Growth

Composite wind turbine blade manufacturer TPI Composites last week priced its initial public offering of 6.25 million shares.

UPDATE 2-Potash Corp cuts dividend, profit forecast again, shares fall

July 28 (Reuters) - Potash Corp of Saskatchewan
, the world's biggest fertilizer company by capacity, cut
its full-year profit forecast and dividend for the second time
this year on Thursday, and said that potash markets had reached
their low point.

UPDATE 3-Brazil's Vale second-quarter profit falls 34 pct; shares drop

RIO DE JANEIRO, July 28 (Reuters) - Brazilian mining company
Vale SA said on Thursday that second-quarter
net income fell 34 percent as provisions for potential losses
from the burst dam at its Samarco subsidiary and higher taxes
undermined productivity gains.

UPDATE 1-Moncler's CEO to reduce stake as two new investors arrive

MILAN, July 28 (Reuters) - Moncler's Chief
Executive Remo Ruffini, who engineered the renaissance of the
Italian skiwear brand, is set to reduce his stake in the company
to make way for two new institutional investors.

UPDATE 7-Oil steadies just above 3-month lows on oversupply

* Falling China rail freight points to weak economy

(Updates prices in paragraph 2)

UPDATE 2-Profits at Finnish refiner Neste send shares to record high

HELSINKI, July 28 (Reuters) - State-controlled Finnish
refiner Neste more than tripled its second-quarter
profit due to strong margins at its conventional oil products
and renewables business, lifting its shares to record highs.

Calif. power grid extends call for conservation during heat wave

July 28 (Reuters) - California's power grid operator
extended its call for consumers to conserve electricity into
Thursday as a heat wave continued to bake the state, especially
the inland cities.

UPDATE 1-TransCanada profit beats; says asset sale plan on track

July 28 (Reuters) - TransCanada Corp, Canada's
second-largest pipeline company, reported a slightly
higher-than-expected quarterly profit, and said the process of
seeking buyers for a sale of some assets in the United States
and Mexico was underway.

Islamic State's oil revenue dives as it loses Iraqi territory

* Oil has provided millions of dollars for militant
operations

BP sticks with major arts sponsorship despite profits slump

LONDON, July 28 (Reuters) - BP has agreed to renew
five-year sponsorship deals with several British cultural
institutions, including the British Museum, just days after
reporting a 45 percent drop in profits.

Pages

GET IN TOUCH

  • 1875 I Street NW, International Square, 
       Washington, District Of Columbia, 20006
  • Phone: +1 (888) 317-3839
  • Email: info@mglllc.com

About

Misha Gerhard & Lewis LLC is International Strategic Consulting Firm with an extensive presence in the most rapidly developing regions of the world.

Photos